Energy News  





. Kuwait, UAE, Qatar pledge 450 mln dlrs to climate fund

by Staff Writers
Riyadh (AFP) Nov 18, 2007
Leading global oil producers Kuwait, the United Arab Emirates and Qatar pledged 150 million dollars each on Sunday to a new fund to tackle global warming.

The creation of the fund, which is now worth 750 million dollars, was announced by Saudi Arabia's King Abdullah on Saturday at the opening of the OPEC summit in Riyadh.

"Kuwait announces it is donating 150 million dollars to support this programme," Kuwait's emir Sheikh Sabah al-Ahmad al-Sabah was quoted by KUNA as saying during the summit.

The UAE donation was announced through its official WAM news agency after the end of the summit.

Qatari energy minister Abdullah bin Hamad al-Attiyah told AFP the emir of his state, Sheikh Hamad bin Khalifa al-Thani, had also contributed 150 million dollars to the fund.

Saudi Arabia, the world's biggest oil exporter, said it would invest 300 million dollars in the fund which is set to focus on finding technological solutions to the climate change problem.

According to the final summit statement, OPEC leaders will insist on the importance of technology to enable the use of "clean oil," notably carbon capture and storage, to help fight global warming.

"We insist on the importance of clean technologies for the protection of the world's environment and insist on the importance of developing technologies that can help combat the problem of global warming, such as carbon sequestration," said an Arabic copy of the statement translated by AFP.

Community
Email This Article
Comment On This Article

Related Links
Powering The World in the 21st Century at Energy-Daily.com




Tempur-Pedic Mattress Comparison

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News
Hydrogen: the wave of the future, but how far down the road
Washington (AFP) Nov 17, 2007
The United States hopes to fill American roads with hydrogen-powered cars in two decades, but the clean fuel must be cheap and practical to make before it can replace oil, US experts say.

.
Get Our Free Newsletters Via Email
  



  • Kuwait, UAE, Qatar pledge 450 mln dlrs to climate fund
  • Hydrogen: the wave of the future, but how far down the road?
  • Analysis: The OPEC view on high prices
  • Analysis: Europe teams up with Gazprom

  • Indo-US nuclear pact not out of woods: analysts
  • Uranium sows discord between Niger and France
  • India's coalition 'near compromise' on US nuclear deal
  • Five radioactive trucks stopped at Belarus border

  • A Breathable Earth
  • Researchers Find Origin Of Breathable Atmosphere Half A Billion Years Ago
  • Study Reveals Lakes A Major Source Of Prehistoric Methane
  • Giant Atmospheric Waves Over Iowa

  • Vanishing forests a counterpoint to Indonesia's climate crusade
  • Finnish paper mill to open in Uruguay despite Argentina's protests
  • Greenpeace urges Indonesia to stop burning forest
  • Chinese bamboo firm predicts fast growth after stock market bow

  • FAO report urges paying poor farmers to be green
  • 3 million Italians sign anti-GM petition
  • Global pest uses promiscuity to wipe out competition: study
  • Researchers say desalinated water harms crops: report

  • Schwarzenegger showcases 'green' cars at Los Angeles show
  • Go With The Flow
  • Ford eyes launching hybrid vehicles in China
  • AAMCO Unveils Eco-Green Initiative To Promote Cleaner Running Cars And Centers

  • Time Magazine Recognizes The X-48B
  • Virgin to offer carbon offsets alongside drinks and perfume
  • NASA sorry over air safety uproar
  • Airbus superjumbo makes first commercial flight

  • Nuclear Power In Space - Part 2
  • Outside View: Nuclear future in space
  • Nuclear Power In Space
  • Could NASA Get To Pluto Faster? Space Expert Says Yes - By Thinking Nuclear

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement